Architectural Digest photo hides disputed relics, Martha Stewart opens restaurant and more

This week in the world origin, lifestyle icon Martha Stewart is bringing its famed Bedford, New York farmhouse to the bright lights of the Las Vegas Strip with the launch of its first-ever restaurant. Whatever happens next, stay in the know with our weekly roundup of headlines, launches and events, recommended reading and more.

Economic news

The January 2021 edition of Architectural Summary featured the home of the daughter of a billionaire, lawyer and author Sloan Lindemann Barnettand her husband Roger Barnet— a lavishly decorated $42 million San Francisco residence that was photographed for the issue. Recently, journalists from The Washington Post discovered on the site of the architect of the building, Pierre Marin, an unedited version of these photos that revealed ancient Khmer carvings had been digitally removed from the shot. According to the Cambodian government, these stone relics appear to match pieces looted from one of the country’s sacred sites in the late 1990s and may be linked to a wider investigation into the private collection of Khmer relics belonging to the relatives of the Cambodian. owner, Frayda Lindemann and the end George Lindemann. When contacted by The Washington Postspokesperson for AD said the magazine published the image without the relics due to “unresolved publishing rights around certain works of art”, but declined to say who edited the photo, which is attributed to a renowned photographer Douglas Friedman.

Shares of Bed Bath & Beyond have jumped 510% in a winning streak that has now spanned three weeks – a run apparently fueled by coordinated hype from Reddit’s Wall Street Bets group, where the retailer’s ticker has followed the trend, reports Yahoo Finance. Although a majority of industry analysts sounded the alarm to investors last week, calling the recent rise a “meme stock frenzy” and suggesting they are selling due to falling earnings and liquidity concerns Within the company, the buying frenzy continues. Today the stock rose another 75% and triggered multiple volatility trading stops as more than 160 million shares changed hands, making Bed Bath & Beyond the most actively traded stock on the Fidelity brokerage platform at this time. Yet the news comes amid a tough few months for Bed Bath & Beyond: the retailer has just ousted the CEO Mark Triton after less than three years with the company and ended the last quarter with cash and cash equivalents of $107.5 million, compared to $1.097 billion in the same period last year.

President Biden on Tuesday signed the Cut Inflation Act – a sweeping tax, health and climate bill that will allocate a record $369 billion in spending on climate and energy policies. As NPR reports, the bill will incentivize Americans to reduce their own global warming emissions by allowing homeowners who purchase energy-efficient upgrades (ranging from new doors and windows to eco-friendly appliances) to claim up to $1,200 per year, or 30% of the total cost, at tax time. The law will also bolster existing tax credits for residential solar panels and provide credits for home energy storage systems, which ease the strain on the power grid during peak usage periods such as storm surges. heat. Going forward, the bill will also set aside more than $8 billion for rebate programs for low- and middle-income households to incentivize the replacement of older appliances, including heat pump water heaters. ; electric cooking systems; insulation, airtightness and ventilation systems, with energy-efficient models.

Controversial WeWork founder Adam NeumannThe next act of — a new company called Flow, which aims to transform the residential rental real estate market — has received a $350 million investment from prominent Silicon Valley venture capital firm Andreessen Horowitz, l an early investor in tech titans like Facebook and Airbnb. As The New York Times reports, the investment is the largest amount Andreessen Horowitz has ever made in a single funding round for a company and puts Flow’s valuation at over $1 billion even before its debut. The company is now scheduled to launch in 2023, with Marc Andreessen to join the Flow Board. Although exact details of the startup’s business plans have not been released, Neumann has purchased more than 3,000 apartments in Miami, Fort Lauderdale, Atlanta and Nashville, with the goal of turning the properties into a housing product. brand.

Bedding manufacturer Purple Innovation has filed a complaint with the US International Trade Commission, Home News Now reports, asking the agency to investigate the business practices of a large group of Chinese pillow and seat cushion manufacturers, and ultimately to issue a limited exclusion order and cease and desist on certain products. Although the specific details of the complaint have not been made public, the company has alleged violations of Section 337 of the Tariff Act of 1930, which generally involves unfair import investigations stemming from trade duty issues. intellectual property such as patent and trademark infringement, as well as other forms of unfair competition, including misappropriation of trade secrets, violations of antitrust laws and false advertising.

More than 7.1 million people have been internally displaced in Ukraine since the start of the Russian invasion, making it incredibly difficult for professionals of all kinds to earn a living amid the tumult. As Metropolis reports, two new programs – Support by Design and Hire Ukrainian Designers – have come together to provide remote jobs for designers in Ukraine. The first, launched by the managing director of the SWA group Kinder Baumgardner, mainly focuses on hiring Ukrainian landscapers as hourly consultants; the latter, launched by John Wagner, principal of Boston-based architecture firm Office of Collaborative Design, recruits Ukrainian architects and connects them with remote job opportunities. The two groups have now teamed up to combine their initiatives, which have so far helped 12 design firms in the United States hire Ukrainian designers.

The American Society of Interior Designers announced that CEO Gary Wheeler will retire on September 30. After being a member of ASID for more than 30 years, Wheeler joined the organization as interim CEO in 2020 before assuming the position permanently in 2021. His tenure was marked by his efforts to form a committee experts on guiding design professionals through the pandemic; an expansion of ASID’s research offerings through the publication of in-depth industry reports; and a partnership with IIDA, IDC and Metropolis which has led to the interior design commitment to a positive impact. After his retirement, Wheeler will remain an advisor to ASID through calendar year 2022 and will assist with the onboarding of the yet to be announced new CEO.

The Floyd sectional in TonusCourtesy of Floyd

Launches & Collaborations

Floyd has teamed up with Kvadrat to present the furniture company’s namesake sectional in two of the textile brand’s signature yarns – Tonus, an elastic upholstery fabric designed by the late textile artist Nina Kopeland Sisu, a plaid pattern designed by Nanna Ditzel in the 1960s. The two eco-friendly natural wool models will be available in different colorways, and the collaboration will be an integral part of Floyd’s assortment in the future.

Would you like to have an assistant to send to the design center? Online sampling platform Mercato Place has announced the launch of a new free service allowing registered users to access additional assistance in the sample selection process. With the debut of Mercato Place Curator, users can be connected with a design expert to help find pieces, find inspiration, identify a bespoke option, or create an entire digital palette that can be ordered directly on the website.

recommended reading

In recent months, several creators on TikTok have gone viral after expressing a strange hunch: it seemed like neutral tones, especially the color gray, were more ubiquitous than ever. Their source material was even more dramatic: the pitch stems from a 2020 data scientist’s blog post claiming that color has disappeared from the world – or, more specifically, from manufactured objects like appliances, electronics and lighting – over the past two centuries. For fast business, Elissaveta M. Brandon explores how the rise of industrialization and mass production may have reduced the color scale of products, and why today’s consumer focus on personalization may well bring it back.

When the pandemic pushed New York restaurants to offer alfresco dining experiences, it spawned new forms of chic alfresco decorating. One piece in particular, the Pina Pro cordless lamp by Italian design firm Zafferano, has since earned a lasting place on the tables of some of the city’s finest establishments. For the New York Times, Priya Krishna explores the mystique and misadventures of the lamp, including the clientele who slipped the coin after paying the check and those who fought just to ensure their table was adorned with the Pina Pro.

Call for applications

The 2023 Houzz Scholarship Program is now accepting applications from students studying interior design, construction, architecture, landscape architecture, and architectural engineering or at skilled trade schools. Applicants must submit a brief essay on their design and architecture influences and create a professional student profile on Houzz, where they can upload their portfolio for review. For more information or to apply before March 31, 2023, click here.

Cue the applause

The Interior Design Society honored the winners of the 2022 Designer of the Year competition earlier this month at an event hosted by jonathan adler and held at the Blackstone Hotel in Chicago. The competition’s highest honour, the Fellow Award, went to Kimberly Joi McDonald for his significant impact on IDS and the interior design industry in general. Other winners were honored for their exemplary space designs, unique areas, business practices and impact. For the full list of winners, click here.

Homepage Image: The Floyd Sectional in Kvadrat’s Sisu Pattern | Courtesy of Floyd

Jack C. Nugent